May 2016 production and sales report from Misen Energy AB (publ)

During May 2016, the Joint Activity (JA) led by Misen Energy AB (publ) produced
a total of 58.0 million cubic meters (mmcm) of natural gas, 3.6 thousand tons
(ktons) of gas condensate, 0.5 ktons of oil and 0.7 ktons of liquefied petroleum
gas (LPG). All LPG was produced at Yuliyivska BCS.

During April 2016, the JA sold 58.0 mmcm of natural gas what represents
production of May 2016. The stock of unsold natural gas remains at zero balance
as of the end of the May 2016.

All gas condensate and oil produced during May 2016 has been transferred to
further processing and subsequent sales.

During May 2016, the JA sold 0.6 ktons of LPG.
For further information, please contact:

Göran Wolff, MD

Direct line: +46 31 759 50 72
Mobile:       +46 709 45 48 48
E-mail:       goran@misenenergy.se (%67%6f%72%61%6e@%6d%69%73%65%6e%65%6e%65%72%
6 
7%79.%73%65)

 info@misenenergy.se (%69%6e%66%6f@%6d%69%73%65%6e%65%6e%65%72%67%79.%73%65)
Misen Energy AB (publ) (formerly Svenska Capital Oil AB (publ)) is a Swedish
upstream oil and gas company with operations in Ukraine. The company was founded
in 2004 and its shares are since 12 June 2007 traded on Nasdaq First North.
In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its Ukrainian
subsidiary, LLC Karpatygaz, including the rights to 50.01% of the revenue and
profit from a gas production project in Ukraine. Under IFRS rules, this
transaction is classified as a reverse takeover. In consideration of the
acquisition, a new share issue was carried out.
The gas producing assets have been acquired by production cooperation via a
joint activity project governed by a Joint Activity Agreement between the wholly
-owned direct and indirect subsidiaries of Misen Energy AB (publ), i.e. Misen
Enterprises AB and LLC Karpatygaz (together 50.01%) and PJSC Ukrgasvydobuvannya
(49.99%), the largest producer of natural gas in Ukraine and subsidiary of the
National Joint Stock Company Naftogaz of Ukraine. The value of the assets is
estimated to be substantially higher than the purchase price for Misen
Enterprises AB.
The purpose of the project is to significantly increase production of gas and
oil by providing modern technologies via a large-scale investment program.
The registered office of Misen Energy AB (publ) is in Stockholm and the shares
are traded on First North under identification ticker MISE.
The Certified Adviser of the company at Nasdaq First North is Consensus Asset
Management AB (formerly Thenberg & Kinde Fondkommission AB).
For further information, please visit our website www.misenenergy.se.